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China builds more infrastructure white elephants

It is estimated that China has wasted around 42t yuan on "ineffective investment" in five years from 2009

Mon, Apr 13, 2015 - 5:50 AM

Dachangshan Island, China

WHEN officials reopened the airport on the sparsely populated Dachangshan island off China's north-east coast after a US$6 million refurbishment in 2008, they planned to welcome 42,000 passengers in 2010 and another 78,000 in 2015. However, fewer than 4,000